SARS has made 8 specific commitments as to what you, the taxpayer, could expect from them in the 2020 Filing Season. All taxpayers should familiarize themselves with these commitments.

Flexible work arrangements have become increasingly popular as the needs of employers and employees change in response to the coronavirus (COVID-19) pandemic.

Op 3 Julie 2020 het die Kommissaris van die Suid-Afrikaanse Inkomstediens, Edward Kieswetter, die regulasies bekragtig wat bepaal wie inkomstebelastingopgawes moet indien vir die 2020 jaar van aanslag. Hierdie artikel gee ʼn uiteensetting van die persone wat opgawes moet indien en van diegene wat in 2020 vrygestel is van die indiening van opgawes.

Section 10(1)(e)(i) of the Income Tax Act states the first requirement for tax compliance which consequently gives rise to the need for a Body Corporate, a Share Block scheme and Association of people to register as a taxpayer. A body corporate automatically receives exempt income status in terms of these sections, but a home owners’ association needs to apply for exemption.

As a relief measure, during the Covid-19 pandemic, the South African Revenue Service (hereafter SARS) has announced that the tax filing season has been postponed to the 1st of September 2020, and is not opening on the 1st of July 2020.

Feeling overloaded with all the Covid-19 information? For a break-down of the latest Covid-19 tax and financial relief measures, what it entails and how to make use thereof, read our article.

As a follow-up to our January article, (find the newsletter here: https://www.fhbc.co.za/2020/01/06/does-your-business-qualify-as-a-small-business-corporation-according-to-sars/) we determine whether a Personal Service Provider is able to make use of the tax benefits of a Small Business entity.

Are you aware of the requirements that need to be met by your business, in order to qualify for the “Small Business Relief” benefit? Our article assists you to determine if your company qualifies as a Small Business Corporation.

We’ve made it! Another year has gone by and most of us are ready to get into the holiday spirit, but before we wrap things up, let us have a look at our 2019’s tax topics.

Non-profit organisations have many forms and different variations (each with its own set of rules). The main topics mentioned in the article includes the requirements which must be met in order to qualify as a public benefit organisation, the difference between a public benefit organisation and an association, as well as the deductibility of certain donations made to public benefit organisations.